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Reuters
Reuters
Business

Australian biotech company Innate says not subject of Collins investigation

U.S. Rep. Christopher Collins (R-NY) departs the Thurgood Marshall United States Courthouse following his arraignment on insider trading charges in New York, U.S., August 8, 2018. REUTERS/Lucas Jackson

SYDNEY (Reuters) - Australian biotech group Innate Immunotherapeutics Limited <IIL.AX> said on Thursday it was not under investigation in an insider trading case involving Republican U.S. congressman Christopher Collins.

In a statement, the company said it had cooperated fully with requests for information from the U.S. Securities and Exchange Commission (SEC).

"The Company and its directors/officers (excepting Mr. Collins) are not under investigation. The Company considers the ongoing investigation to be a private matter to Mr. Collins," the statement said.

Collins retired as a director of Innate in early May and was no longer involved with the governance of the company, the statement said.

(Reporting by Wayne Cole; Editing by Muralikumar Anantharaman)

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